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Search Results 0 to 33 of about 34 (some duplicates have been removed)
their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn't, we won't. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back on the idea that the talks are stalled, as well as that the president is not showing leadership. >> so he spent mixed signals on the white house willingness to make concessions. >> he is clear about the president's interest and willingness to compromise. but also, his clear insistence that he will not sign an extension of the bush era tax cuts for the top 2%. >> democratic lawmakers are sending mixed signals whether they
. and president obama said we have to have an balanced deal we're going to cut spending to the bone, but you have also got to get rid of those bush tax cuts for the wealthiest of americans, and put it back where it was under president clinton, the greatest economic growth in our lifetime. americans went with president obama's idea. it's now time for republicans to accept this is what the americans want. but instead this is more republican propaganda, and i just kills me that so many of my colleagues in the media are falling for it. republicans are saying we'll break the pledge. who cares. they say they are going to break the pledge, bfd, they say they are going to offer new revenue. okay. sure. but where from? they say will not, no no, no, tax rates for the wealthy of americans. we will not raise taxes on the 1%. we will only accept new revenue from closing loopholes. that means your mortgage interest deduction is history, and your child care deduction is history. that's what they want to get rid of. and two entitlement reform that means getting rid of social security and
stated enough is everyone will get a tax cut if president obama's proposal goes through because even people with the highest will get a tax cut on the first $250,000 of their income. so it's not just a class-specific tax kuchlt it's a tax cut that refers to that part of your income and that hasn't been announced and discussed enough. >> what about the fact -- and we're going to talk with them a little bit later. congressman peter defazio, he's coming on with us a little bit later in the hour and he's indicate thad this fiscal cliff is not what everyone makes it out to be. in fact, he's in favor of or at least considering letting us go off the slope, cliff, whatever you want to call it to get a better congress in january. is that even proper to be discussing it in that direction at this point? >> i know this is going to be a pastacy because that's been a big issue over there. the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to
: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional re
pressure on boehner not to cut a deal with obama who said, let's try to win the election instead. that was the -- that was the conservative approach. and boehner seems to be positioning himself as at least -- according to his latest comments, as much more of a conciliator -- >> if there is a softening on the part of the republicans, especially house republicans, sit because of the election? >> i think it has to be. the two big policy decisions republicans in congress have to make after the election is on taxes and immigration. those are the two issues that are coming down the pike for them. taxes is first, immigration will be second. and the two issues, where if you look at the exit polls, they lost on both those issues to president obama. you hear a lot of conservatives in the more intellectual class of conservatives saying, get off the idea of tax rates basketball the end-all, be-all. and some conservative leaders are listening in congress. >> bill crystal, an intellectual leader of that conservative wing, if you will, he said, a lot of democrats in hollywood get to benefit mil
after the 2010 election. when the republicans and tea party knocked barack obama for a loop taking control of the house. the tax cut deal, fights over the budget, the debt ceiling, deficit reduction, egypt, libya, and how obama's made the decision and took the actions he to go up but to explain how this is done to set up the 2012 campaign. he had a theory he could make the 2012 race a choice between different approaches to government and everything he did he tried to temper temper -- to other at to a choice. we did not know how things would end up on 2012 but i looked at his governing and elected strategy and it culminated. this is the back story of what happened in the presidential campaign. >> host: david corn. showdown is his most recent book that the national press club >> host: professor, we are here to talk about your book indispensable. i want to say this is a delightful book to read. you deal with very familiar figures. you attack them from some new angles. let's died 10. you have a quote but is attributed to different people also charles de gaulle is most often accredited.
people to take pay cuts and giveaway golden parachutes barack obama. >> is that true, this was the most expensive in history? >> totally. we had to weigh more than last time. we registered with more voters. we had more volunteers. 2008 was a magical campaign. 2012, we finally got good at it. we spent five years learning how to do it. the best story, in august, i went to a convention in ohio. this amazing team leader said to me, the simplest thing about the obamacare campaign, i have been organizing for barack obamai know everybody in my neighborhood. i know the democrats who might forget to vote. i know the independence and i know how they make up their mind. she looked at me and said, the rounding guy just came from out of state. could you think is going to be better? that was true. polls showed we got a majority of voters that this side of the final day of the campaign. in part that was because of the president and in part because they got a door knock, let me walk you through why i, your neighbor, why i support barack obama. they said i just saw this television ad and they said this
-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries,
republicans to raise taxes the president obama has put forward one dime of spending cuts even accept. or how the reform entitlements, to avoid a debt crisis. gerri: something else, criticizing grover norquist for his note tax pledge. this would point to a fracturing of the republican party in terms of its support for not raising taxes. what do you make of this? does this come as news to you, will this change the face of the republican party? >> points to the fact there's so much pressure here on republicans. the media putting pressure on republicans, completely misplaced. we have a spending problem. no one is focusing on cutting spending. that will continue until john boehner or somebody else says we're not talking about tax increases so we start talking about cutting spending. gerri: obamacare is an expensive entitlement that is brand new and john boehner, speaker of the house, wrote this, we can't afford it. we can't afford to leave it intact. the law has to stay on the table as both parties discuss ways to solve the nation's massive debt challenge. it has been put on the table is yet anot
. >>> big decisions coming up for president obama and speaker boehner on tax cuts and entitlement cuts, tax increases andin titlement cuts. joining me to talk about the strategy is ed rendell, former governor of pennsylvania and political analyst vin weber former congress member and republican strategist. ed, first of all, you've heard what eric cantor and others have been saying today. what about grover norquist and the possibility that that no-tax pledge that has really handcuffed negotiators for decades is something that is quickly being shaken off? >> yeah, i think it's sort of falling apart. i think what republicans are finding out is when you pull back the curtain, like with the wizard of oz, there's nobody there. grover norquist never got one vote, hasn't been elected to do anything and really just forced himself into the american political scene. a lot of grover norquist pledge signers lost in the last election, both incumbents and people who had signed the pledge running this time. look, the american people aren't dumb. they know that we have to cut spending, but they know we have
by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will have been online or in stores. shopping started earlier than ever and in spite of the employee protests, the early open
and break down barriers and cut through the red tape and thank you very much for your leadership. [applause] so choice neighborhoods is just one powerful example of the obama administration investing better and we do what works and stop what doesn't work and form the partnerships that we need to solve the challenges of irnlt generational pof poverty for once and for all and it takes on average two generations to break that cycle of poverty and we are trying to break it in one and the efforts we're supporting and we want every american to have the chance to get ahead no matter where they are and live, whether it's a second grader to go to school or a parent walking their kid safely to school around the corner. we recognize that america built to last draws from the ability of the future and tap all of the resources. that what is takes to build the economy for the 31st century and that's what these grants are all b it's a pleasure to you here with you. >> >> [applause] >> thank you and thank you to our hud partners and at this moment i know i don't need to introduce him. i want to present to
and savior, barack obama. >> eric: not even that savior. 36 days going over the fiscal cliff. you should know what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may go on. where is obama's deal or his idea? his proposed, i don't know. the medicare, medicaid, re
on this? >> well, it is a huge gulf between candidate obama and president obama. now, some people are going to cut him some slack and say, look, it's one thing when you're running because you don't have the daily intel, you don't have the daily briefings, you don't know where a likely strike is to occur. on the other hand, if the rules that you abide by while candidating and arguing that you should be the president don't apply to you once you become president, then you've got to excuse everybody from george bush back to whoever. i think there's a real tension here and i think the aclu and progressive groups are right to apply the pressure. the question is to what degree can you acknowledge the legitimacy of a response to terror, even perhaps using surgical strikes or some of the drones and at the same time say, hey, that stuff has gotten out of hand and we have to figure out a way to get back in. and if you say sunshine is the law, that you want people to be exposed, then you're practicing directly contrary to what you've argued. >> i want to read briefly from an article. there wa
and president obama have made it clear they will accept no spending cuts. they made this clear to the union chief. -- our senator from illinois dick durbin. host: what should republicans do or not do? our last caller said republicans should be willing to go over the cliff, it necessary. caller: we should shut the government down, if they cannot agree to any spending cuts. we will be coming up to the debt limit again. they should shut the government down. we will see how the government runs without all these extra programs. senator coburn has identified all the duplication and waste in the government. it is ridiculous that they don't even talk about that. host: senator durban from illinois, let's look and his comments on abc yesterday. he is talking about what democrats would be willing to do to avoid the fiscal cliff. [video clip] >> social security does not add one penny to our debt, not a penny. it is a separate-funded operation. we can do things now, smaller things, played out over the long term, that gives its solvency. medicare, only 12 years of solvency lie ahead if we do not think. t
will do entitlement reform. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donations of toys and good. tips led them to a trailer where they found toys and food. >> officers did find toys, personal i
on spending. we need to get president obama and senate democrats to say what spending they'll cut and how to change entitlement. >> did you hear what jay carney said in the last few minutes? he said social security, by the way, off the table. we're not going to discuss this while we do the fiscal cliff discussions. i mean, we're already there. raising taxes but not cutting spending. >> and that's exactly the point. >> social security is funded separately. it has it's own line item, it's a separate bill -- >> until the money runs out? then what do we do? >> that's not the point right now. >> it is. >> no, it's not. you won't solve those problems by going after the fiscal cliff. >> the only thing derailed is the conversation on what matters. what matters is spending. we have a debt crisis coming done the line. because we're spending too much. yet no one wants to talk about spending. we're talking about where can we raise taxes? raising taxes doesn't lower the deficit at all when you add it up. we need to cut spending. the senate democrats are not helping. >> the fiscal cliff started before
days to go before automatic increases and spending cuts known as the fiscal cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand california's online voter registration program into an online voting program. >>> that fog is hanging tough today itch >> worst spot is sfo, just a quarter mile visibility there, sunny and -- sunny and 60 in san jose now. fog in the north bay improving, we are looking at oakland, with foggy conditions, and vollmer peak. a big change all straight ahead. >>> plus, the hidden dangers of those bouncey houses. new report on how many kids they send to the hospital. >>> some bay area school kids get a surprise visit from one of the star
increases and spending cuts known as the fiscal cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand california's online voter registration program into an online voting program. >>> that fog is hanging tough today itch >> worst spot is sfo, just a quarter mile visibility there, sunny and -- sunny and 60 in san jose now. fog in the north bay improving, we are looking at oakland, with foggy conditions, and vollmer peak. a big change all straight ahead. >>> plus, the hidden dangers of those bouncey houses. new report on how many kids they send to the hospital. >>> some bay area school kids get a surprise visit from one of the stars ron: years ago i made a promise to pro
president obama's proposal to eliminate the bush tax cuts for high income taxpayers. however, he says he prefers a cut off points somewhere above $250,000, maybe 500 thud or so. additionally, he says we need congress right new to enact a minimum tax on high incomes. buffett is suggests 20% between $1 million and $10 million and 30% on amounts above that and that's something he had laid out before. the real definition of the buffett rule. >> i always thought he was uncomfortable about the way the buffett rule was constructed and felt uncomfortable about saying something about it. because remember, he never really spoke openly about it, he would intimate that 250 might not be his number. >> the buffett rule is 30%. >> but then he's also talking about the 500. >> but that's not the buffett rule. but if you're doing tax reform, then you're not going up anyway. >> i think the main point he's saying is forget about the larger reforms p. maybe we'll get withere, maybe won't, but put that in place now. >> i don't think it's fair to say he's not in favor of tax reform. >> he's saying hopefully we
. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >
because we have the opportunity here to cut the commute for tens of thousands of people everyday in half by this investment. the vast majority of the people don't own a car. they depend on transit. well today through president obama's leadership, secretary lahood leadership, the vision of the leaders on the stage we are here to commit $942 million to fulfill that promise. [applause] >> with the signing of this grant agreement we are taking $942 million paid by california taxpayers and to create jobs now when we need them. we're also using those dollars to improve the quality of life, and as jackie spear pointed out plan for the future and economic prosperity of this whole area. when this subway extension opens as senator feinstein pointed out there will be 44,000 people using this light rail line. what she didn't point out that will make it the second or third busiest light rail in the united states. this is an environment that needs to be made and once it's built are gone the days when we have senior citizens watching the drive by and waiting for a bus that won't stop and then they
plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a second face- to-face meeting with president obama as soon as this week. >>> also in washington republican senator john mccain backed off from fiery criticism of un un ambassador susan rice about the attack in libya. >> i think she deserved the ability to explain herself and her position as she said, but she is not the problem. the prose problem is that the president of the united states, who in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. >> senator mccain threatened to block susan rice's nomination for secretary of state. rice has maintained that she based her statements blaming the tack on protesters on cia information at the time. >>> a new gallup poll shows that the afternoon ideal weight for men was 185 pounds. that is up 14 pounds since 1990. the average actual weight for men was 196 pounds up 16 pounds. for women, the ideal weight was 140 pounds. that is up 11 pounds since 1990. the actual weight for women, 156 pounds
, president obama wants more in the $1.5 trillion in tax hikes, but he has no plan -- or announced cuts in spending, why those tax hikes don't add up to anything meaningful an we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commanr of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking points. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress has been surveyed, and congressman mike rogers, the chair of the house intelligence committee, said, it has to be the white house, because everybody else has testified that they didn't. do you agree? >> i agree. and, in that deputy's committee i'm hurry thehite house representative and the national security, from the natio
. if president obama and congress don't reach some sort of deal, huge tax increases and spending cuts would automatically kick in january 1. todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with lawmakers the friday before thanksgiving there was a lot of positive talk coming out of that with leaders
if the congress fails to extend the tax cuts. >> i'm holding the report in my hand. president obama recently stated the middle class should not be held hostage while congress debates tax cuts for the wealthy. he wants congress to agree on keeping taxes low for the middle class and the white house released this report and the middle class tax cuts impact on consumer spending and retailers. over the weekend, people have been holiday shopping, taking advantage of black friday and small business saturday sales. even the president and his own daughters joined the shopping at a small book store in northern virginia. today on cyber monday, the white house releasing this report showing its details on the impact to retailers and consumers. it states if congress fails to avert the fiscal cliff, taxes would rise by $2,200 for 98% of americans. the president wants democrats and republicans to agree on renewing tax cuts to give families and business morse certainty about the economy. but he wants those with incomes over $250,000 a year to pay a little more in taxes as we all know. which has been a sticki
, the full-court press of obama voters ramping up to fiscal cliff talks, out with a new report today showing the impact, losing middle class tax cuts and even the thought of it could have on holiday shopping and spending. combine that with the new poll showing the majority of americans, 45%, would blame the gop and congress and not the president if these fiscal cliff talks fail. are we seeing a white house not willing to lose this pr war no matter the outcome of the talks? >> i think you're seeing a gop that has yet to accept the election results, sort of negotiating with themselves about what they will and won't accept without acknowledging the polls you just cited and the other thing is a strong majority actually also wants a deal. they want a compromise, a balanced compromise. as the republicans are negotiating with themselves over here, the administration and the rest of america is kind of in another place and i think the administration rightly so and remember this was an issue when the president was first elected, there were questions about whether or not he would use the power of that
specifically, that's a series of tax increases and spending cuts together set to go into effect on new year's day if they cannot agree on a budget before then. president obama and congressional leaders have been talking and possibly to come this week. it's november 26th. they don't have a lot of time. peter doocy with the news from washington. >> harris, republicans and democrats alike think that closing loopholes to raise revenue is a good idea. republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitleme
in december is the bush tax cuts for the wealthy expire, and they should expire. that has been litigated. in terms of what mitt romney's position was, what obama's position was -- the president, by the way, has gotten the greatest votes total for a reelection of any president in history. he was out there saying we need a balanced approach. we are getting out of a recession, it is still a very tenuous recovery, we need to invest in education, infrastructure. we need to find some revenues. that is part of the fight in washington in the next month. host: this so-called fiscal cliff -- you said the tax cuts should expire. what would be the impact of tax cuts expiring for the middle- class and others? guest: look, this election was about how we recreate andry imagine the american dream for those who want to be in the middle-class and those who want a broad and middle-class. of course it would hurt if -- that is part of the reason why they talked about it as a real deadline. we need to maintain the middle- class tax cuts. we need to maintain a balanced approach. what the movement is trying to
%, according to a new cnn/orc poll say that 29% say only spending cuts. and who will get the blame if we don't reach some kind of agreement here? gop clearly gets the brunt of the blame here. 45% say the gop, 34% say president obama, 15% say both. now as congress returns here to washington, the white house coming out with a new report saying that if those bush-era tax cuts are not extended to middle-class americans, consumer spending over 2013 will drop by nearly $200 billion. this is an ongoing effort by this white house to help the middle class, and to ensure that wealthy americans pay a little bit more. soledad? >> dan lothian at the white house for us. thank you, dan. a lot happening in the middle east. overnight we learn that israel's defense minister, ehud barak is resigning his post. that's effective come january. that development comes as delegations for both israel and hamas meet in cairo today. they're meeting with egyptian officials to try to advance those cease-fire talks. and egypt's president mohamed morsi will meet today with judges to explain his edict barring them from overt
-duck session. president obama spoke to harry reid over the phone about the fiscal cliff over the weekend. the white house is making it clear today that the president won't sign a bill that extends tax cuts for those earning $250,000 a year in social security. it will not be part of the fiscal cliff. so we are going to talk about the compromise. we have a congress and to talk about this with us. >> and you for having me cheryl: or a little bill? >> we were waiting and hoping to compromise with its administration. but they they would just never come to the table. >> these democrats want to continue spending on social programs, republicans don't want tax cuts to be touched. you think we can have compromise from both sides on each of these issues? the rhetoric that we are hearing on a television screen is pretty negative. >> he did say that we want and the republicans will reach out to less. cheryl: after the last election, the november election, it was a referendum on many republicans. some of them walked away and said, okay, we did not get the senate back, we are moving forward. our republ
, at some point president obama suggested we should have one dollar in tax increases for every four dollars in spending increases. now we see it's almost 1-1. $1 in tax increases for every $1 in spending cuts. and i'm going to get out a paper today, but i wanted to correct something senator reid has said and senator durbin said on sunday in the interview programs. senator durbin said that the social security does not add one dime, one penny to the debt, not a penny. i think that was pretty close to a direct quote. but, mr. chairman, that's not correct. social security is already in a situation where the amount of revenue from people's withholding is less than the amount of money paying out to the recipients. that's two years in effect. we have now spent $27 billion more than has come in in the last two years in the form of payroll taxes. so where does the money come from? it's borrowed by the united states treasury to pay for social security's spending. why? because the u.s. treasury borrowed the money, the surpluses that have been existing until two years ago, they took that money and spen
Search Results 0 to 33 of about 34 (some duplicates have been removed)